Goldman lifts U.S. steelmakers to Attractive. "Steel and scrap prices in the U.S. have bottomed...

|By:, SA News Editor

Goldman lifts U.S. steelmakers to Attractive. "Steel and scrap prices in the U.S. have bottomed in our view, Chinese prices are rising, inventories remain low, a weak dollar has brought the U.S. close to being a net exporter, and we expect better industrial and auto demand in 2010," firm says, adding U.S. Steel (X) to its Conviction Buy list while removing Freeport-McMoRan Copper & Gold (FCX). X +3.5% premarket. STLD +3.5%. AKS +2.7%. NUE +2.3%. FCX -0.1%.